Tina Ambani Summoned Again In Massive Fraud Probe

In a significant escalation of one of the biggest financial probes in recent years, the Enforcement Directorate has issued fresh summons to industrialist Anil Ambani and his wife Tina Ambani to appear before investigators in connection with an alleged massive bank fraud and money laundering case involving nearly ₹40,000 crore. The development has once again brought the spotlight back on one of India’s most discussed corporate controversies.

The central agency is investigating the complex money trail linked to loans and finances of the Anil Dhirubhai Ambani Group of companies, which are suspected of irregularities and alleged diversion of funds. Officials say this probe forms part of a broader inquiry meant to ensure a fair and independent investigation into alleged banking fraud involving multiple institutions.

Tina Ambani was earlier asked to appear before investigators this week but did not depose, leading authorities to issue another summons for February 17. Anil Ambani has also been summoned separately on February 18. Their statements are expected to be recorded under the Prevention of Money Laundering Act. The questioning is likely to focus on financial transactions, fund movements, and decision making processes within the companies.

Investigators have already attached assets worth approximately ₹12,000 crore connected to group entities as part of the probe. These attachments reportedly include bank deposits, receivables, and immovable properties. Authorities allege that certain loans taken from banks and financial institutions may not have been utilized as intended, potentially leading to substantial losses for lenders.

Another aspect under scrutiny is a high value property overseas, which investigators believe could be linked to fund flows being examined. Meanwhile, the Supreme Court has also directed that additional investigative steps be taken, adding another layer to the widening inquiry.

The group has previously denied any wrongdoing, maintaining that allegations are being contested and that due legal process should be allowed to unfold. As the next round of questioning approaches, attention remains fixed on whether fresh revelations will emerge or whether the statements recorded will clarify the agency’s concerns.

The coming days could prove crucial in shaping the direction of this high profile financial investigation.